Gratuity Act: Left job after serving for more than 5 years? Use this gratuity formula to calculate your money for loyalty benefit
Gratuity Act: Gratuity Formula under the Gratuity Act 1972 says that an employee becomes eligible for the loyalty benefit if he has completed five years of regular service.
Gratuity Act 1972 says that an “Employee” under the Payment of Gratuity Act means any person employed on wages for doing any type of work, including those hired in the managerial or administrative capacity. Photo: PTI